Bankruptcy or Proposal? Newbie here

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payperiod4

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Bankruptcy or Proposal? Newbie here
« on: February 19, 2016, 06:24:55 PM »
I just got back from an initial visit with a trustee.  He suggests offering a CP.  And I am sure as the trustee mentioned they will counter offer. Makes sense.  .  The trustee is recommending a proposal BUT when i look at the numbers and length of time for both I am not sure why "bankruptcy" is the wrong answer.

I think he said the CP would be 55 months  I could be wrong and the Bankruptcy much less?


I need to really research both more.  I am hoping in this forum it will bring me more knowledge. 

I will need to decide in the next week.

Thanks

I will go see another trustee Monday and see how they compare in body language/information etc.  Just to see.  I was told all trustees for bankruptcy etc charge around the same.

 

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